I am relatively new to the site so forgive my late response. I have not heard the MSB Link III but have auditioned the MSB Link I. I own the Bel Canto Dac 1. The MSB lists for around $400 and the Bel Canto is about 3 times the cost. However, the Bel Canto vs MSB is one of those cases where the law of dimishing returns does not apply. The Bel Canto outperforms the MSB Link I in every parameter that I can think of. Not even close. I believe MSB has come out with some upgrades and different flavors that raise the price to the level of the Bel Canto, but since I have bought the Bel Canto I have no interest in any other dac at any price. The only thing I can think of that may be a negative to the Bel Canto is that it can sound a little bland when used with the wrong cables, but that should be easy to work around.
